Deal Name: Series 1998-C1

November 8, 2001 NEW YORK – Standard & Poor's lowered its ratings on one class of Credit Suisse First Boston Mortgage Securities Corp.'s 1998-C1, and affirmed other rated classes.Class H was lowered to single-B-minus from single-B.The lowered rating reflects a ...

October 15, 2001 HORSHAM – GMAC Commercial Mortgage Corp., master servicer for GMAC Commercial Mortgage Securities 1998-C1, has transferred a healthcare loan representing more than 16 percent of the outstanding loan pool into special servicing.GMAC is also acting as the ...

A $213 million mortgage backed by 87 nursing homes that was part of the collateral for a 1998 CMBS deal floated by GMAC has been moved into special servicing. The loan has deteriorated dramatically since origination, but is insured.

August 17, 2001 NEW YORK – Fitch has downgraded one class in Deutsche Mortgage & Asset Receiving Corp.'s 1998-C1 and affirmed other classes it rates.The $40.9 million class L was downgraded to triple-C from single-B-minus.The downgrade is due to the ...

Correction (June 26, 2001): Criimi Mae Commercial Mortgage Trust, 1998-C1, does, in fact, own first-loss pieces of CMBS. The story below incorrectly described the trust's collateral pool. The deal is backed by bonds from 20 CMBS transactions, one of which ...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionHeller Financial Commercial Mortgage Asset Corp., 2000 PH-1707.8957.0E35.9AaaAa1Increased subordination; defeasance (37.5 percent of pool)---F14.4Aa1Aa3----H19.1Baa3Ba2----J9.6Ba2Ba3-Credit Suisse First Boston Commercial Mortgage Corp., 2002-CKP1875.1992.9D26.1AaaAa1Increased subordination; defeasance (14.3 percent of pool)---E14.9Aa2Aa3----F13.7A1A2----G14.9A2A3-First Union National Bank Commercial Mortgage Trust, ...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionHeller Financial Commercial Mortgage Asset Corp., 2000 PH-1707.8957.0E35.9AaaAa1Increased subordination; defeasance (37.5 percent of pool)---F14.4Aa1Aa3----H19.1Baa3Ba2----J9.6Ba2Ba3-Credit Suisse First Boston Commercial Mortgage Corp., 2002-CKP1875.1992.9D26.1AaaAa1Increased subordination; defeasance (14.3 percent of pool)---E14.9Aa2Aa3----F13.7A1A2----G14.9A2A3-First Union National Bank Commercial Mortgage Trust, ...